Save Money on Health Insurance!

Why is individual medical insurance and employer-sponsored group health coverage so expensive? Although healthcare expenditures in the past few years have slowed because of the great recession, health plan premiums continue to rise each year. Is there any end in sight? Can I find inexpensive health insurance? While the new healthcare law of 2010 was very effective at addressing access to medical insurance and patient protection, it did little to control what the private sector pays for healthcare goods and services, and [...]

Since 1990, U.S. healthcare expenditures have consistently increased on average 12%-16% annually. Unfortunately, so too has the price of individual medical health insurance. What alternatives do you have to secure low cost medical insurance? Aimed at helping individuals, families and the self employed find inexpensive health insurance, healthinsuranceadvisory.org has just released a short educational video entitled “How to Buy Low Cost Medical Insurance!” “Having some form of medical insurance today is essential today,” says Allan Zee, Founder and Managing Director of healthinsuranceadvisory.org. “A [...]

As healthcare costs continue to rise (8.5% in 2011 and an estimated 8.5% in 2012, according to PricewaterhouseCooper’s Health Research Institute), how can you find low cost medical insurance? Since health plan premiums are a function of the underlying cost of healthcare, the cost of individual medical health insurance will continue to increase too. If you are searching for tips to secure low cost medical insurance, then please read on. The PricewaterhouseCooper’s survey also revealed that high deductible health plans will [...]

As healthcare spending continues to dramatically rise in the U.S., the cost of individual medical insurance and employer sponsored group health insurance has moved with it. From 2000 to 2009, healthcare spending increased by 66% to $7,578 per person. Of this amount, $5,748 or 76% was covered by health insurance and $974 or 13% was paid out-of-pocket by individuals (third party payers and programs covered the balance). When most people shop for individual medical health insurance, they mainly focus on [...]

Health Saving Accounts and Consumer-Driven Health Plans now cover 12% of the private health insurance marketplace, according to the Employee Benefit Research Institute.  This represents 21 million individuals, including children. Account based plans, such as a Health Saving Account has shown consistent growth in enrollment throughout the past several years. As a response to rapidly rising healthcare costs, individuals, families, self employed persons and employers of all sizes have looked to Health Saving Accounts and Consumer-Driven Health Plans as a [...]

Health Saving Accounts (HSAs) paired with a high deductible medical insurance plan have significantly gained in popularity over the past several years for self employed individuals, families and employers of all sizes. These consumer driven health plans (CDHPs) offer low cost medical insurance and often lower out of pockets costs than traditional health insurance plans. In 2005, total HSA enrollment was only 1 million persons, while 11.4 million individuals as of January 2011 were enrolled in an HSA coupled with a high [...]

HSA 2012 contribution limits for Health Saving Accounts (HSAs) and cost-sharing amounts for HSA qualified high deductible health plans (HDHPs) have just been announced by the Internal Revenue Service. 2012 HSA annual contribution limits are: $3,100 for individuals and $6,250 for families. Currently, 2011 HSA annual contribution limits are: $3,050 for individuals and $6,150 for families. 2012 HSA maximum out of pocket (deductibles, co-payments and co-insurance) for HSA qualified high deductible health plans (HDHPs) are: $6,050 for individuals and $12,100 for [...]

Save money with an affordable family high deductible medical insurance plan. Americans have grown accustomed to paying small copayments for physician office visits and other medical services, yet the actual cost of these healthcare is significantly greater. That is why family major medical insurance is expensive today. We expect the majority of  healthcare expenses to be paid by our medical insurance plan. Can you imagine how expensive automobile insurance would cost if it covered car washes, oil changes and tune-ups? [...]

Major medical insurance is expensive today because Americans expect the majority of  healthcare expenses to be paid by their medical insurance plan.  We have grown accustomed to paying small copayments for physician office visits and other medical services, yet the actual cost of these healthcare is significantly greater.  Can you imagine how expensive automobile insurance would cost if it covered car washes, oil changes and tune-ups? If you want to reduce your medical insurance premium and have more low cost coverage, [...]

Looking to save money in a weak economy?  Americans are increasingly turning to health deductible medical insurance paired with a Health Saving Account that feature lower premiums. According to the Los Angeles Times, the number of workers nationally with an individual major medical insurance deductible of at least $1,000 has nearly tripled over the past four years, reaching about 20 million.  Some have pushed their medical insurance deductibles as high as $10,000. Historically, to keep medical expenses low individuals sometimes [...]